4. A project to develop a county park has an actual cost in month 17 of...

Question

Question

business accounting

Answer 1

Answer #1

Answer:

Actual cost or AC = $350,000,

Planned cost or PV = $475,000,

Value completed or earned value (EV) = $300,000

Cost Variance (CV) = 300,000 – 350,000

= -50,000

Schedule Variance(SV) = 300,000 – 475,000

= -175,000

Cost Performance Index (CPI) = Earned value/Actual cost

= 300,000/350,000

= 0.8571

Schedule Performance Index (SPI) = Earned value/Planned Cost

= 300,000/475,000

= 0.6316

Scheduled Time Work Performed (STWP)
Time ( t) = Schedule Variance/Slope of Planned costs = -175,000/ (475,000/17)
= - 6.2631months
Time Difference = 17- 6.2631 = 10.7369
Time Variance = 10.7369/17 = 0.6316

Answer 2

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